40 Francesca Street, Mont Albert North VIC 3129

40 Francesca Street, Mont Albert North VIC 3129
Generous 930m² lot| 4 bed family house| 1960s build with update scope| Prime school zone appeal. This four-bedroom house on a 930sqm block suits families prioritising space for living and future options in a school-focused neighbourhood. The deep lot provides ample room for gardens, play areas, or extensions, setting it apart from tighter street frontages nearby. At 24% building coverage, it leaves significant unused land under General Residential Zone Schedule 4, ideal for additions or even subdivision potential subject to council approval. Built in 1960, the dual-storey layout offers classic separation of living zones, appealing to buyers wanting immediate usability while eyeing renovations. In a street of similar mid-century homes, this property holds a competitive edge through its larger footprint, drawing established families over first-home buyers. Local market data shows houses on 900m²-plus blocks maintaining steady demand from downsizers and upsizers alike, with holding periods often exceeding a decade. Its proximity to Greythorn Primary and Koonung Secondary underpins long-term value, as school catchments anchor family retention here. Without overlays complicating changes, it positions well for enduring appeal amid Mont Albert North’s preference for versatile family assets. Comparable larger-lot sales underscore reliable performance for patient owners.

Market Insight:

Mont Albert North is a tightly held eastern suburb attracting families seeking access to elite school zones. Housing prices frequently exceed $1.4M due to strong owner-occupier demand and limited land supply. Buyers are drawn to quiet residential streets and proximity to Box Hill’s major activity centre. The suburb’s reputation for quality schooling continues to drive demand.

PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

930m²

Built

Recent Assessments